XAG Silver – Silver maintains consolidation, awaiting pullback buying opportunities

Silver's technical charts show that the RSI and Stochastic indicators are rising again, with the MACD indicator preliminarily breaking above the signal line. Last week’s decline in silver prices has not disrupted the recent upward pattern, and the price has held above the 50-day moving average, suggesting that silver is currently in a consolidation phase. Near-term resistance is seen at $38.10, with the next levels at $38.25 and $38.45, and stronger resistance estimated at $38.80. Support levels are expected at $37.65 and $37.55, with the next levels at the 50-day moving average of $37.35 and $37.05.

London Silver, August 19:
Projected Early Range: $37.65 – $38.10  
Resistance: $38.25 – $38.45 – $38.80  
Support: $37.55 – $37.35 – $37.05  

iShares Silver Trust Holdings: 
August 11: 15,058.60 tonnes  
August 12: 15,099.56 tonnes  
August 13: 15,099.56 tonnes  
August 14: 15,071.31 tonnes  
August 15: 15,071.31 tonnes  
August 18: 15,356.61 tonnes

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